The crypto ecosystem is always growing. Almost every month, there is a new coin or blockchain technology dropping. If you’re new to the crypto industry, it is easy to get confused. However, there are plenty of resourceful publications on the internet that can help you get up to speed with what’s happening in the crypto world.
One of the latest technologies in the crypto world are the airdrops. In this article, we will look at how airdrops are becoming common in the crypto world. We will also take a look at Loop tokens and decentralized crypto exchange systems.
Airdrops on the Terra Ecosystem
As mentioned earlier, airdrops are quite common in the crypto world. I know you’re probably wondering, what are airdrops, and why are they so common? An airdrop is a type of marketing technique used in the crypto world. The idea involves sending crypto coins or tokens to other users to help market a new digital coin.
Airdrops have evolved with time. Nowadays, you can even airdrop NFTs (non-fungible tokens). The main goal of using the airdrop service is so that other crypto owners can offer a promotional service in exchange for the free coins or NFTs. Most crypto startups such as Loop use these marketing techniques to promote their coins or NFTs before listing on major exchange platforms.
Most airdrops are often advertised in crypto forums. Crypto investors with private crypto wallets receive the airdrops for free in exchange for a service. The investor may either share the new crypto coin on their social media page, write a blog post about it, or even refer other people to join the new crypto platform.
Crypto startups are always competing for people to join their platforms. Airdrops offer a cheaper and somewhat more effective method of attracting more clients on board. However, there have been concerns as some airdrops have turned out to be scams.
Let’s Take a Look at Terradrops
Crypto investors who have invested in Luna tokens always stand a chance of benefiting from Terradrops. There are plenty of new projects being launched on the Terra platform, most of which will use airdrops to reward Luna owners who market the services to the public.
Terradrops offer an envelope solution where Luna owners can claim their Terra airdrops without too much struggle. The platform will feature an automated airdrop collection and claiming process. Funds collected from the claimed airdrops are deposited directly to your crypto wallet.
Types of Airdrops
Airdrops have been around for quite some time. Over the years, they have taken different forms. Standard airdrops are open for any crypto investor. They are normally in the form of small amounts of the new crypto coins. Users who receive it must either sign up for a newsletter service or open an account with the new crypto startup.
Exclusive airdrops are sent to loyal clients. Ideally, crypto enthusiasts tweet or blog about crypto technologies. The startup will typically send them some airdrops in exchange for promotional services on their social media profiles or blogs.